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May 2014 Results

May 30, 2014


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How the heck is 2014 almost half over? Here are my May 2014 results:

2014 Goals:

  1. Increase EF savings account to $1,000 – PASSish – My EF didn’t increase this month, it actually decreased by $1.58. I’m still considering this a success because if I hadn’t made extra contributions, it would have decreased much more due to my unexpected expenses this month.
  2. Demolish $7,500 worth of debt – PASSish – I didn’t quite make my monthly target of $653.87/month. I only paid off $481.29 in May, due to the credit card mistake I made at the end of April. This shortage pro-rated over the rest of the year changes my monthly target to $678.52/month in order to hit my goal of $7,500 for the year. I still think I can make it if I buckle down and work hard.
  3. NO OVERDRAFT FEES!PASS – I didn’t have any. No more updates on this goal until the end of year (unless something changes and I slip up).
  4. Clear out clutter. – PASS – I am holding my garage sale today and tomorrow. I also worked diligently on reducing my wardrobe. I will let you know next week how the garage sale went.
  5. Continue going to Crossfit 3x/week – PASS – I made it 3x/week most of the month and made up for the short weeks by going 4x/week a couple of times!
  6. More books, shoes and clothes out of my horde than new ones coming in. – PASSish – Still a net reduction of 13 books for the year and again, I worked on reducing my wardrobe. I don’t think I added any new pieces to my clothing or accessories.
  7. Read 52 books in 2014, that averages to 1/week – FAIL – I’m falling farther behind. This just hasn’t been a priority like I thought it would be. I still want to read during my free time, but I usually end up reading some of my favorite blogs instead. I will be changing this goal, so stay tuned.
  8. Find areas to scale back involvement so I have more free time at home – FAIL – I STILL have nothing to say about this.
  9. Spend more time with family, friends and my pets! – FAIL – See #8 above.

Debt Totals:

4/30/2014 – $135,637.37 (including mortgage)
$17,704.19 (w/o mortgage)

5/31/2014 – $135,156.08 (including mortgage)
$17,431.84 (w/o mortgage)

Difference – -$481.29 including mortgage
-$272.35 w/o mortgage

Savings:

4/30/2014 – $651.83
5/31/2014 – $650.25
Difference – $1.58 DECREASE

Budget:

CategoryMay (w/ leftovers)SpentRemaining
TOTAL$2,635.16$2,555.27$79.89
Charity$15.00$15.00-
EF$20.00$20.00-
Morgage$852.28$852.28-
House Repairs$81.77$80.50$1.27
City Bill$110.00$98.89$11.11
Gas$51.12$51.12-
Cable$94.49$94.49-
Internet$51.87$51.87-
Phone$102.20$102.12$0.08
Food$110.00$100.75$9.25
Car Fuel$75.00$75.00-
Car Repairs$60.00$45.00$15.00
Car Insurance$93.44$93.44-
Clothes and Hair$45.67$42.81$2.86
Pets$42.41$41.00$1.41
Household$25.00$22.09$2.91
Personal$20.00$20.00-
Crossfit$80.00$80.00-
Cleaning$108.00$72.00$36.00
Debt$596.91$596.91-

How was your May?

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14 responses to “May 2014 Results

    1. DBC – We all have tough months now and then. My debt didn’t go down as much as I would’ve liked (interest charges are still killing me and I did use my credit card at the end of April in a moment of weakness), but I think June will be better. 🙂

  1. Looking good, overall! Your debt is going down and you were able to take care of unexpected expenses, which is a huge win. People don’t realize how often unexpected expenses occur. Good luck with your garage sale!

    1. There’s seems to be at least one or two unexpected expenses every month (probably would be less if I wasn’t a homeowner and car owner). That’s what the EF is for, it sure helps me sleep better at night and its still small. I can’t imagine how having a large savings account will make me feel 🙂

  2. Great job so far! I am sure you’ll be able to buckle down and get $7,500 paid off. I completely hear you on reading. I keep trying to make it a priority, too. I’ll do well for two days and then get consumed by blogs and other online resources. While both are valuable, I’d like to get back to reading at some point. You should do a Crossfit post if you haven’t. I’d be interested in hearing about your experience!

    1. EM – i sure hope I can meet my goal of $7500 paid off this year.
      While I love to read, it just hasn’t been happening lately. With the nice weather I’ve also been doing more work outside in my yard. I have to completely re-do both the front and back yards. They have no landscaping and the back is very overgrown as far as bushes, but has no grass to speak of. They were very neglected for a long time before I bought the house. It will be a costly project when I get ready to remove shrubs, big trees and do the landscaping and new grass. But for now, I am just working on clean-up which is cheap. It just costs me a lot of manual labor in the evenings 🙂
      A Crossfit post is a great idea! If you have any other things you’d like me to talk about, I’d be glad to hear your ideas! 🙂

      1. Oh wow, you’re being productive either way, so there’s nothing to feel bad about if you can’t get around to reading! You should do a before and after of decluttering your yard, haha. Yard work is going to be my least favorite part of owning a home.

        If you can get your Crossfit review to rank high enough with SEO, you might be able to get some referrals in!

        1. I was going to do a post about my garage sale too, but I forgot to take “before” pics. We were swamped with people that I just didn’t have time to take the pics and then totally forgot. We made bank, I’m still going to do a short post about it I think…
          I would love to do a before and after of my yard! That’s a great idea. I actually like “puttering” around in the yard. I just do a bit of yard work here and there as I have time in the evenings.
          The crossfit post totally could bring in new readers, excellent idea!

  3. Shoe, I am amazed by all you do! You have so much energy, vitality and get-up-and-go! With that drive, I’m sure you’ll succeed in getting your debt down through side hustles! Routing and cheering for you from the sidelines!

    1. Debs – thanks so much for your many compliments! I know that you too will succeed. You have made such progress – and not just in the numbers. You have changed the way you look at things, including your debts, and that in itself is a BIG step in the right direction!

    1. Laurie, that it too true. I am too hard on myself sometimes. A debt decrease is a debt decrease, no matter which way you look at it. 🙂

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